BANK ACCOUNT SET UP
A bank account is required for merchants to be able to receive payments from their customers.
The advantages of creating a bank account for merchants:
- Reduce transaction costs: When using a bank account to receive payments, merchants can avoid the high transaction fees of other online payment methods.
- Easy Cash Flow Management: A bank account makes it easy for merchants to manage their cash flow, saving sellers time and effort in tracking and categorizing payments and receipts.
- Trusted and Secure: Bank accounts are considered a more reliable and secure form of payment than other online payment methods.
- Easy integration with multiple forms of payment: A bank account can be easily integrated with other forms of online payment, making it easy for merchants to receive payments from customers.